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Elements of Economics: Unit 1 Ch 4-6 Test

Total questions: 20

Worksheet time: 2hrs 40mins

Name
Class
Date
1.

to trade goods and services without using money

a)

international trade

b)

barter

c)

overtime pay

d)

Fair Labor Standards Act

e)

strike

2.

when workers refuse to work until they get the things they need

a)

international trade

b)

barter

c)

overtime pay

d)

Fair Labor Standards Act

e)

strike

3.

a law that protects workers

a)

international trade

b)

barter

c)

overtime pay

d)

Fair Labor Standards Act

e)

strike

4.

trading with people in another country

a)

international trade

b)

barter

c)

overtime pay

d)

Fair Labor Standards Act

e)

strike

5.

1 1/2 times your regular pay

a)

international trade

b)

barter

c)

overtime pay

d)

Fair Labor Standards Act

e)

strike

6.

Long ago, people used salt and beads instead of money.

a)

True

b)

False

7.

A regular work week is 100 hours.

a)

True

b)

False

8.

A labor union tries to get good pay for workers.

a)

True

b)

False

9.

Playing cards were once used as paper money. 

a)

True

b)

False

10.

Young people cannot work in dangerous jobs.

a)

True

b)

False

11.

The first coins were wooden nickels.

a)

True

b)

False

12.

lowa farmers selling corn to Texas is domestic trade.

a)

True

b)

False

13.

International trade is a union.

a)

True

b)

False

14.

You make more money if you work overtime.

a)

True

b)

False

15.

 A sweatshop pays workers a lot of money.

a)

True

b)

False

16.

Long ago, people _________animal skins for goods and services.

a)

wage

b)

traded

c)

white-collar job

d)

sweatshops

e)

benefits

17.

Office work is an example of a _________

a)

wage

b)

traded

c)

white-collar job

d)

sweatshops

e)

benefits

18.

Another word for your pay is _________

a)

wage

b)

traded

c)

white-collar job

d)

sweatshops

e)

benefits

19.

Health insurance is an example of a _________

a)

wage

b)

traded

c)

white-collar job

d)

sweatshops

e)

benefits

20.

Unsafe factories where people work long hours are called _________

a)

wage

b)

traded

c)

white-collar job

d)

sweatshops

e)

benefits